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268 Northwest 34th Street

Juan Sotolongo & Jesse Spencer Of Compass Broker $2.61M Multifamily Sale In Wynwood Norte
SOLDMultiFamily

Juan Sotolongo & Jesse Spencer Of Compass Broker $2.61M Multifamily Sale In Wynwood Norte

268 Northwest 34th Street

$2,610,000

$468/SF

Building Size

5,574 SF

Asset Type

MultiFamily

Closing

May 15, 2024

AI

The multifamily property located at 268 Northwest 34th Street in Wynwood Norte was sold for $2,610,000. This property comprises 10 units with a total area of 5,574 square feet, resulting in a price per unit of $261,000 and a price per square foot of $468.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,610,000
  • Units: 10
  • Price per Unit: $261,000
  • Square Footage: 5,574
  • Price per Square Foot: $468
  • Address: 268 Northwest 34th Street
  • Market: Wynwood Norte

The sale of this property was facilitated by Juan Sotolongo and Jesse Spencer from Compass, who represented the parties involved in the transaction.

Players

Jesse Spencer

Compass

Broker

$59.5M

vol

15 deals

Broker

Miami MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.08%

Cash-on-Cash

-1.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93